Stock Analysis on Net
Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Lockheed Martin Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 4.41 4.00 1.53 1.74 2.70
Salaries, benefits and payroll taxes 5.97 5.82 6.11 6.24 5.19
Contract liabilities 17.52 16.05 15.94 14.88 14.84
Current portion of long-term debt 0.32 0.22 0.01 0.99 2.63
Other current liabilities 4.07 3.95 3.92 3.64 4.04
Current liabilities 32.29% 30.04% 27.51% 27.48% 29.40%
Long-term debt, net, excluding current portion 32.96 29.18 22.94 23.01 23.99
Accrued pension liabilities 11.75 10.35 16.35 25.39 27.84
Other noncurrent liabilities 9.97 12.91 11.65 12.22 12.09
Noncurrent liabilities 54.68% 52.43% 50.94% 60.62% 63.93%
Total liabilities 86.97% 82.48% 78.46% 88.09% 93.33%
Common stock, $1 par value per share 0.46 0.48 0.53 0.55 0.59
Additional paid-in capital 0.00 0.17 0.18 0.44 0.00
Retained earnings 29.35 32.04 42.46 42.67 38.72
Accumulated other comprehensive loss -16.78 -15.17 -21.63 -31.79 -32.73
Stockholders’ equity 13.03% 17.52% 21.54% 11.86% 6.58%
Noncontrolling interests in subsidiary 0.00 0.00 0.00 0.05 0.09
Total equity 13.03% 17.52% 21.54% 11.91% 6.67%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Lockheed Martin Corp. current liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Lockheed Martin Corp. noncurrent liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Lockheed Martin Corp. total liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Lockheed Martin Corp. stockholders’ equity as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.